downendcity

30 minutes ago, Mr Popodopolous said:

Report of a 3rd Everton FFP breach on the cards if they don't fix by 30th June.

https://www.goodisonnews.com/2024/04/03/everton-must-sell-multiple-key-players-amid-risk-of-3rd-profit-and-sustainability-breach/

I'm getting Dutch boy with his fingers in the dyke vibes about this ....... in the financial sense of course!

4 hours ago, HoldenBall said:

What does this mean for dummies 

They're ****ed?

41 minutes ago, Natchfever said:

Yep.

Are PSG under investigation by their own authorities? So much less money in ligue 1 yet what must their wage bill have been ?

As for ffp, I think if you can demonstrate you can pay you should be able to.

Our owner has hidden behind ffp of course !

A bit disingenuous Natch.

SL spent his business life working in the heavily regulated financial services sector, where for the majority of that time, and certainly when HL reached their market leading position, penalties for breaching the rules were severe, so compliance was a huge factor in the management of the business. 

I am pretty certain that he could not , and cannot now, abandon his attitude towards regulation compliance.  I've commented before that, with the benefit of hindsight, I think that when it was first mooted, SL foresaw the impact that ffp would have on clubs and it was this that prompted his strategy to make the club more self sufficient. That was widely derided on here, with many fans seeing it as an excuse for the owner no longer being prepared to put his hand in his pocket - it would probably qualify as hiding behind ffp, as you put it, in fans' eyes.

With hindsight perhaps SL has been proven right, and we've been lucky to have such a careful owner, given what we have seen with the likes of Derby and Reading and are now increasingly seeing with even premier league clubs being penalised for breaching financial rules.

Interestingly, rather than hiding behind ffp, SL used ffp rules to benefit the club financially in the long term . While ffp limits how much an owner is allowed to put into a club directly for transfers , wages and the like ( not forgetting that SL is putting £20+m a year into BCFC just to keep us going) he recognised areas that ffp does allow an owner to invest without breaching ffp. That is why we have the revamped stadium and the HPC. 

Having been redeveloped, AG now generates more income, and especially on  non matchdays than did the old stadium, and that additional income can be used towards investment in the team, player wages etc. Similarly, the HPC is important in helping the club's academy. Better facilities attract better young players, the success of academy players like Kelly, Semenyo, Scott, Pring, Vyner, Conway, Bell etc, breaking into the first team only reinforces that, and they all cost nothing in transfer fees. Also, and as we well know, the sell on fees when academy players move on add massively to the clubs financial position.

All of that because, rather than hiding behind ffp, SL has put his hand in his pocket to invest huge amount as ffp does allow, to generate money for the club that ffp would not have allowed him to invest directly.

There are plenty of things and decision we might like to blame SL for, but I don't think hiding behind ffp is one of those. 

I think the old adage applies to Scott.

" Form is temporary,  class is permanent".

16 minutes ago, Mr Popodopolous said:

Ha now I've heard it all, apparently the Rules are unfair to top half or established clubs who may have a bad year.

£44m in Headroom ie post adjustments PLUS a £40-45m in Parachute Payments gap??

Surely that is why any properly run business has contingency plans - for when things go wrong.

Then again, I've said many times before the wealthy owners of football clubs would almost certainly never run the businesses from which they made their wealth the way they run their football clubs. Mind you, the businesses from which some wealthy club owners made their money might not bear too much scrutiny!

Do they not understand that football's financial rules are in place for exactly the situation that fan describes. It was Portsmouth's relegation from the premier league, having overstretched themselves financially, that almost saw the club go out of business completely when their owner was no longer prepared to foot the bills.

We saw it in the championship when Derby overstretched themselves attempting to gain promotion - and let's be honest, they really did breach ffp in so doing-  and having failed  to do so  their "lifelong fan who'd never leave them in the 5h!t" owner decided he was no longer going to support them, letting them go into administration and within a whisker of liquidation.

Fans of every club, and especially so those with very wealthy owners, thinks it could never happen to them - until it does!  

If Leicester don't get promotion, languish in the championship and then, as a result of much reduced income, let's say they go into administration, suffering yet more points deduction, you can bet those same fans will blame football's authorities for not protecting clubs from profligate owners!

4 minutes ago, Olé said:

Hoovering up the best young players from other clubs across England doesn't seem to get you very much these days.

It keeps Bournemouth in the premier league! 

16 minutes ago, W-S-M Seagull said:

It concerns me greatly the damage that may be done by him bringing in his own players. 

He was brought in to improve THIS set of players and he has failed to do that. 

So had Pearson stayed, would you  have wanted him to not be able to add to the squad in the summer so that we could perhaps be more than just a counter attacking team?

1 hour ago, Mike Hunt-Hertz said:

 

Hello my darlin'!

44 minutes ago, RedLionLad said:

There are some very strange Plymouth fans about

Looks nothing like him!

22 minutes ago, Lew-T said:

I don’t really enjoy watching Man City play. It’s often silent at the Etihad, the football is a little slow paced for my liking. 
 

It’s all very flat.

I admire Pep's Man City because they play highly controlled and effective football, but enjoy watching Klopp's Liverpool because they play exciting football.

If I had to choose between a season ticket at The Etihad or Anfield, it would be Anfield.

The EFL have added to their April 1st bulletin by announcing the new championship VAR panel.

17 minutes ago, chinapig said:

Exactly what an Everton fan said on The Overlap last week. He's a regular on there on proves his ignorance every time he's on.

Plus they have £500m in loans secured on the stadium. If they are not taken over by 777 Partners they are in big trouble. If they are taken over by 777 Partners they are also in big trouble. If they are taken over by 777 Partners and relegated heaven only knows what will happen.

Just what I was thinking China.

Everton fans bemoaning the punishment meted out for P&S breaches, are kidding themselves and missing the bigger picture.

How far away are they from being insolvent?

It seems everything hinges on the 777 takeover ( although from the little I've heard/read about 777 it seems to me that their track record would seem to indicate a case of out of the frying pan into the fire). Also Everton is looking increasingly like a basket case that's only getting worse, and there has to be a danger of any party interested in a takeover getting cold feet. At the very least Everton's sale price must be taking a nose dive!

1 hour ago, Mr Popodopolous said:

-£255m in this Reporting Period despite the Accounting Policy change. Yes there was the Covid double season.

Mind bogglingly bad financial management. Crazily high losses.

With most Covid allowables dropping off, at best they go into this year with -£124m Pre Tax.

2018-19..-£111.845m

2019-20..-£120.9m

2020-21..-£139.863m

(Average around-£130m).

2021-22..-£44.732m (or -£38.413m)

2022-23..-£89.09m.

Everton fans' response. It's not fair...........

2 hours ago, GrahamC said:

Great photo.

Joseph is a top bloke.

I named my first cat (red tabby!) Riley, he was often up on the fence, really disappointed that he didn’t ever do the goal celebration though..

3 hours ago, Davefevs said:

I named my first budgie Joey after Joe90!

I think my son Joe (Joseph) wasn’t my choice, but when Mrs Fevs suggested it, this was who came into mind.

3 hours ago, GrahamC said:

Great photo.

Joseph is a top bloke.

I named my first cat (red tabby!) Riley, he was often up on the fence, really disappointed that he didn’t ever do the goal celebration though..

We named our cat Jordan because

it's not often you see a bankrupt  cat with huge enhanced boobs! 

2 hours ago, Sir Geoff said:

Ficklest is not a word. Try again.

Are you Suzy Dent and is this dictionary corner ? 

" On me head son"

8 hours ago, Robbored said:

The redevelopment of AG makes a significant difference. The stadium and facilities are soo much better than they were.

On huge difference for me is going for a slash and not having to stand with piss all over the floor……….

It's when you have not gone for a slash but still find yourself standing with piss all over the floor that you have to worry RR!

Yes, City fans are the most fickle in football.

Just now, downendcity said:

Yes, City fans are the most fickle in football.

No, City fans are not the most fickle on football.

55 minutes ago, mozo said:

Did Nige play tactics like today or are you just basing it on possession?

We certainly wouldn't have got the winner today under Nige, as he wouldn't have played Mehmeti!

4 hours ago, George Rs said:

Saw a post on twitter saying the cost of their current squad is £241million. 

Absolutely bonkers! 

Completely agree it's bonkers that they didn't round it down to £240m.

1 minute ago, Jerseybean said:

Works for me 

What, the porn?

2 minutes ago, Lanterne Rouge said:

Not if you just want to walk your dog in his grounds.

 Dewsbury Hall is in Ashton Vale?

13 minutes ago, redkev said:

 Dewsbury Hall would cost more than our entire team 

7 minutes ago, Lanterne Rouge said:

Well he is Grade 2 listed..............................

Do you need National Trust membership to see him?.

1 hour ago, phantom said:

Birmingham City Football Club has lined up a deal to purchase land owned by Birmingham City Council, with a view to building a new stadium in the east of the city.

The former Wheels site, on Bordesley Park, is in the final stages of being sold off to an unnamed bidder, according to council documents.

The sale is due to be signed off on Wednesday during a meeting of the council’s property committee, external.

The BBC understands the purchaser for the site is Birmingham City FC.

Talks over the sale have been ongoing for weeks and have involved the club's chairman Tom Wagner, chief executive Garry Cook and Birmingham City Council's lead commissioner Max Caller, with West Midlands Mayor Andy Street acting as a mediator.

Up to 3,000 jobs could be created by developing the 48-acre site, which is just over a mile away from Birmingham city centre and less than a mile from the club's existing home at St Andrew's stadium.

A government grant of about £17m was recently secured to help clean up the site through the levelling up fund and Birmingham City Council is set to inject a further £1.9m as a condition of receiving the money.

Work to clear the site has already started as a result of the funding.

In response to questions from the BBC, the council said it could not confirm who the purchaser was at this stage.

But a statement read: "The proposed disposal will generate a capital receipt and the council will work with the purchaser to connect the job and training opportunities created to the local community.

"Future planning applications for the site will be the subject of public consultation."

Birmingham City Football Club have been approached for comment.

TAKEN FROM:  Birmingham City FC in deal with council to buy land for new stadium - BBC News

Birmingham village green and dog walkers paradise?

JB: " do you expect me to talk?"

Goldfinger: " no, I expect you to die......................but to return reincarnated in your next film!"